FormFactor, Inc. (NASDAQ:FORM) Stock Position Decreased by MML Investors Services LLC

MML Investors Services LLC lowered its stake in FormFactor, Inc. (NASDAQ:FORM) by 21.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,292 shares of the semiconductor company’s stock after selling 1,718 shares during the quarter. MML Investors Services LLC’s holdings in FormFactor were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of FormFactor in the second quarter valued at $38,000. Quarry LP lifted its stake in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in FormFactor during the 2nd quarter worth about $43,000. Finally, CWM LLC grew its stake in FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 1,044 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC cut their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.38.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the transaction, the chief executive officer now owns 526,531 shares of the company’s stock, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

Shares of FORM opened at $47.80 on Thursday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 27.47 and a beta of 1.12. FormFactor, Inc. has a 12 month low of $37.21 and a 12 month high of $63.63. The company’s fifty day moving average is $42.07 and its 200-day moving average is $47.78.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.